BB Seguridade Participações S.A. Stock Forecast
BB Seguridade Participações S.A. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The BB Seguridade Participações S.A. stock price fell by -0.81% on the last day (Friday, 17th May 2024) from R$34.45 to R$34.17. During the last trading day the stock fluctuated 0.762% from a day low at R$34.10 to a day high of R$34.36. The price has risen in 6 of the last 10 days and is up by 4.05% over the past 2 weeks. Volume has increased on the last day by 225 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately R$102.37 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at R$34.45 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect BB Seguridade Participações S.A. stock with a 90% probability to be traded between R$32.16 and R$34.60 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BBSE3.SA Signals & Forecast
The BB Seguridade Participações S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at R$33.74 and R$32.92. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.81%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for BB Seguridade Participações S.A. stock
BB Seguridade Participações S.A. finds support from accumulated volume at R$33.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved R$0.260 (0.762%) between high and low. For the last week, the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: R$33.20 (-2.83%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BBSE3.SA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect BB Seguridade Participações S.A. to open at R$34.21, and during the day (based on 14 day Average True Range), to move between R$33.62 and R$34.72, which gives a possible trading interval of +/-R$0.550 (+/-1.61%) up or down from last closing price. If BB Seguridade Participações S.A. takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at R$34.24 (0.20%) than the support at R$33.27 (2.63%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is BB Seguridade Participações S.A. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for BB Seguridade Participações S.A. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.570 Buy Candidate Upgraded
Predicted Opening Price for BB Seguridade Participações S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| R$34.21 ( 0.117%) | R$34.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBSE3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.47 | 0.88 % | |
| R2 | 34.37 | 0.587 % | ||
| R1 | 34.31 | 0.408 % | ||
| Current price: | 34.17 | |||
| Support | S1 | 34.11 | -0.174 % | |
| S2 | 34.05 | -0.353 % | ||
| S3 | 33.95 | -0.644 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 34.45 | 0.82 % | ||
| R1 | 34.24 | 0.205 % | ||
| Current price | 34.17 | |||
| Support | S1 | 33.27 | -2.63% | |
| S2 | 33.07 | -3.22% | ||
| S3 | 32.97 | -3.51% |
BBSE3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 09, 2024 | Feb 09, 2024 | Feb 22, 2024 | R$1.26 | 3.76% |
| 2 | Feb 08, 2024 | Feb 08, 2024 | Feb 22, 2024 | R$1.26 | 3.76% |
| 3 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | R$1.61 | 5.42% |
| 4 | Feb 15, 2023 | Feb 15, 2023 | Feb 15, 2023 | R$1.88 | 5.38% |
| 5 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | R$1.04 | 3.61% |
FAQ
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